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Archived over 6 years ago

$15,000

2 bd ba 840 sqft

3018 E 128th St, Cleveland, OH 44120

Residential SFR Needs Repairs

Current Rent **

$750

Projected Rent **

N/A

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Cleveland Investment Property

Vacant property in Cleveland. Potential to generate 10%-12% ROI after rehab. We estimate it will take about $15k to make the property habitable. Potential value in this area after rehab is about $40k-$45k. Potential rent is $650-$850 per month. Annual property taxes are about $395 (yes, three hundred ninety five). Utils probably about $70 per month. If you are out of town, I have local trades to do the rehab.

The location is good. Near parks, shopping, entertainment area. Attractive neighborhood.

Location:

3018 E 128th St, Cleveland, OH 44120

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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.

** Current rent and projected rent are provided by the lister.

† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.

‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.